Lane, Powell Spears Lubersky, LLP
Law Offices
A limited liability partnership including Professional Corporations
601 SW Second Avenue, Suite 2109;
Portland, Oregon 97204-3158
(503) 778-3100
Facsimile: (503) 778-2200
www.lanepowell.com Lewis M. Horowitz
[email protected]
November 16, 2000
VIA FACSIMILE & EMAIL
William A. Calvo
The Yankee Companies, Inc.
1941 Southeast 51st Terrace
Ocala, Florida 34471
Re: Termination of further negotiations between AmeriNet Group.com, Inc. and
WeCU Ltd.
Dear Mr. Calvo:
Pursuant to conversations between us and Shawn Okun of WeCU, this letter
confirms the termination of merger negotiations between WeCU and AmeriNet
Group.com, Inc. The principal reason for termination is potential adverse tax
consequences to WeCu and/or its affiliates that render the proposed transaction
uneconomical to consummate.
In lieu of the merger agreement, I understand that representatives of both
companies are discussing some form of cross-servicing agreement or maybe even a
strategic alliance agreement. I will attempt to ascertain the status of these
discussions and get back to you.
Very truly yours,
LANE POWELL SPEARS LUBERSKY LLP
/s/ Lewis M. Horwitz
Lewis M. Horowitz
LMH
Enclosure
cc (via email): Shawn Okun
James E. Kirk, Esq.
Benjamin G. Lenhart, Esq.
(via facsimile)Ernest C. Willie
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